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Sep 17 - Obama Threatens China With Retaliation Over Hacking

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EMOTION MOVING MARKETS NOW: 17/100 EXTREME FEAR

PREVIOUS CLOSE: 16/100 EXTREME FEAR

ONE WEEK AGO: 13/100 EXTREME FEAR

ONE MONTH AGO: 12/100 EXTREME FEAR

ONE YEAR AGO: 37/100 FEAR

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 15.36% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors.

Market Volatility:  NEUTRAL The CBOE Volatility Index (VIX) is at 21.35. This is a neutral reading and indicates that market risks appear low.

Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows exceeds the number hitting highs and is at the lower end of its range, indicating extreme fear.

PIVOT POINTS

EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBPGBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY 
 

S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) Euro (6E) |Pound (6B) 

EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL) 

CRUDE OIL (CL) | GOLD (GC)

 

MEME OF THE DAY – I JUST LOVE MY NEW SWEATER….

 

UNUSUAL ACTIVITY

PAH FEB 25 CALLS .. 2250 @$.50 by offer

HD OCT 115 CALL Activity 3.30 1900+ on offer

RIG OCT 15 CALL Activity on offer

HPQ SEP 28.5 CALL Activity 5k+ @$.22 on offer

More Unusual Activity…

HEADLINES

 

US homebuilder confidence hits near 10-year high

Moody's: Fed hike would show strength of US recovery

US Pres Obama digs in on spending cuts as US shutdown looms

Obama threatens China with retaliation over hacking

S&P: Japan downgraded to A+/A-1, stable outlook

BOC's Cote: C$ consistent with historical relationship with oil

OECD Lowers Global Economic Forecast

BoE Carney sticks to rate view, others more hawkish

ECB Constancio: QE relatively small so far, has scope

ECB Weidman: Cheap money cannot spur sustained growth

ECB Nowotny calls inflation rate a big problem

AB InBev approaches SABMiller to explore $275bn tie-up

 

GOVERNMENTS/CENTRAL BANKS

OECD Lowers Global Economic Forecast --WSJ

S&P: Japan Ratings Lowered To 'A+/A-1'; Outlook Is Stable

Moody's: Possible Fed hike shows strength of US recovery but potential volatility in EM capital flows

US Pres Obama digs in on spending cuts as US shutdown looms --FT

Obama threatens China with retaliation over hacking --USA Today

BOC's Cote: Current CAD level consistent with historical relationship with oil --ForexLive

US Sen Reid: GOP Has 'No Plans' to Avert Government Shutdown --MNI

BoE Carney sticks to rate view, others more hawkish --Rtrs

BoE McCafferty Is Concerned That Inflation Could 'Outpace' Projection --Rtrs

BOE Weale: Not Voting Hike Due China, New Commodity Price Fall --MNI

BoE Forbes Says A Rate Hike Is Needed In The Not Too Distant Future

BoE Agents See Some Hiring Difficulties In Skilled Roles --MNI

ECB Lowers Capital Ratio At The Request Of The French Banking --El Pais

ECB Constancio: QE Relatively Small So Far, Has Scope --Rtrs

ECB Weidman: Cheap Money Cannot Spur Sustained Growth --Rtrs

ECB Nowotny Calls Inflation Rate A Big Problem --Nasdaq

Riksbank Minutes Show Optimism Over Inflation Prospects --MorningStar

FIXED INCOME

Yields remain high on Bund yield jump, Fed uncertainty --Rtrs

UBS: Buy Treasuries and sell Bunds --FT

Goldman: Markets Unprepared for Fed as Treasuries Seesaw --BBG

FX

USD: Dollar edges lower after subdued inflation reading --MW

GBP: Sterling off to the races, up by over 1% --FT

GBP: BOE Carney: Not Discussed Sterling Exchange Rate With Osborne --MNI

ENERGY/COMMODITIES

WTI futures settle +5.75% at $47.15

US DOE Crude Inventories (WoW) Sep-11: -2104K (est 2000K; prev 2570K)

US DOE Distillate Inventories (WoW) Sep-11: 3060K (est 300K; prev 952K)

US DOE Cushing Crude Inventories (WoW) Sep-11: -1906K (est -311K; prev -897K)

US DOE Gasoline Inventories (WoW) Sep-11: 2840K (est -500K; prev 384K)

US DOE Refinery Utilization (WoW) Sep-11: 2.20% (est -0.55%; prev -1.90%)

CRUDE: Crude jumps as US stockpiles unexpectedly drop --FT

CRUDE: Russia Energy Min Novak: Russia doesn't see need to cuy oil output --BBG

O&G: Moody?s: See Oil And Gas Levels To Stay Near Recent Low Levels Moving Into 2016

China Raises Retail Fuel Prices --Xinhua

EQUITIES

S&P 500 provisionally closes +0.9% at 1,995

DJIA provisionally closes +0.8% at 16,736

Nasdaq provisionally closes +0.6% at 4,889

M&A: AB InBev approaches SABMiller to explore $275bn tie-up --FT

M&A: Potash Corp, K+S not actively discussing takeover --Rtrs

EARNINGS: FedEx Trims 2016 Forecast as First-Quarter Earnings Fall Short --BBG

MARKETS: Short interest in S&P 500 shoots up ahead of Fed --FT

TECH: Apple Watch bug delays software update --FT

BANKS: Goldman's Blankfein on Fed hike: 'I wouldn't do it' --CNBC

FUNDS: US equity ETFs have just racked up 2 massive daily inflows --FT

O&G: Moody's: oil firms 'well positioned' for downturn --FT

O&G: Glencore raises ?1.6bn ($2.5bn) through share placement --FT

EMERGING MARKETS

OECD downgrades China growth forecasts --FT

CSRC assistant chairman Zhang Yujan disciplined for serious violations --ForexLive

Fitch: Brazil to remain in recession rest of this year with increased risks to 2016 f'csts

Fitch Affirms Argentina Foreign Currency IDR at 'RD'

Thai Central Bank Holds Rate As Government Eyes Stimulus --BBG

 

Emerging market stock allocations at all-time low --Rtrs

 

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